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20121115
20121115
Search Results 0 to 7 of about 8 (some duplicates have been removed)
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was put in place in 1992. it was to be a temporary measure. it was going to boost the new technology. 20 years later, president obama's respected energy secretary says wind is a mature technology. and what have we got after 20 years and billions of dollars of subsidies? a puny amount of unreliable electricity. our country uses nearly 25% of all the electricity in the world. wind produces 3% of that. of course, it only produces it when the wind blows. it's not easy to store it. so it is of limited use in a country that needs huge amounts of low-cost, clean, reliable electricity. relying on wind power is the energy equivalent of going to war in sailboats when nuclear submarines are available. the wind subsidy is so large, mr. president, that wind developers are now paying distributors to take their wind power under cutting the base load energy plants that are necessary to provide the reliable electricity we need for the country. and on top of that, there are better ways to produce clean electricity, better ways than subsidizing a technology that destroys the environment in the name of savi
top technology companies, are asking us to preserve education and r&d, which is the bedrock of innovation and competitiveness. and this week, even the u.s. chamber of commerce said it was opened to a compromise that included revenue. these are the constructive voices i hope my colleagues listen to as we approach negotiations on the fiscal cliff. politics is the art of compromise, and working together we can reduce our nation's deficit and preserve strategic investments in those programs that fuel economic growth and competitiveness. even in the midst of the civil war, president lincoln and the 38th congress authorized the transcontinental railroad, the homestead act and the land grant college and university system. they understood we had to invest in the future while also dealing with the crisis of the present. no doubt we all have something to lose if we do not succeed. so perhaps by each of us giving a little we can revive this economic recovery, restore faith in our ability to govern responsible low and deliver on that mandate we just got last week from the voters. i yiel
that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leaders for their input. today i meet with c.e.o.'s of some of america's largest companies. and i'll meet with leaders of both party of congress before the week is out because there's only one way to solve the channels and that is to do it together. as i've said before, i'm open to compromise and i'm hope to new ideas. and i've been encouraged over the last week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we're serious about reducing the
of the art oil spill prevention and response technologies, education research and training. and more than $1 billion will go to the united states coast guard trust fund to be available for clean up and coffer sation for those affected by oil spills in the gulf and throughout the united states. now as part of its guilty plea b.p. will retain a monitor for four years who will oversee safety and maintenance in regard to drilling in the gulf as well as an independent auditor who will conduct annual reviews to enshurep compliance with the terms of this agreement. the company will hire an ethics monitor to improve it's its conduct and foster robust cooperation with the government. now there can be no question that this historic announcement is a critical step forward and under scores the justice determination to stand with gulf coast communities. in february the settlement tote ling $90 million related to the company's clean water act liability for the deep water horizon disaster. and approximately $45 million of this total will go directly to the gulf in the form of penalties. but our work is far
Search Results 0 to 7 of about 8 (some duplicates have been removed)